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san miguel corp (SMC) Details

San Miguel Corporation operates in beverages, food, packaging, fuel and oil, power, mining, and infrastructure businesses in the Philippines and internationally. The Beverage segment produces and markets alcoholic and nonalcoholic beverages. The Food segment is involved in the feeds production; poultry and livestock farming; processing and sale of poultry and meat products; processing and marketing of refrigerated and canned meat products; manufacturing and marketing of flour products, premixes and flour-based products, dairy-based products, breadfill, desserts, and cooking oil; and importation and marketing of coffee and coffee-related products. The Packaging segment is engaged in the production and marketing of packaging products. It is also involved in crate and plastic pallet leasing, polyethylene terephthalate bottle filling graphics design, packaging research and testing, packaging development and consultation, and contract packaging and trading. The Energy segment is involved in power generation, distribution, and trading; and coal mining activities. This segment supplies electricity to various customers, including electric cooperatives, industrial customers, and the Philippine Wholesale Electricity Spot Market. The Fuel and Oil segment is engaged in refining and marketing petroleum products. The Infrastructure segment is involved in the business of construction and development of various infrastructure projects, such as airports, roads, highways, toll roads, freeways, skyways, flyovers, viaducts, and interchanges. The Telecommunications segment is engaged in rendering various domestic and international telecommunications services. San Miguel Corporation was founded in 1890 and is headquartered in Mandaluyong City, Philippines. San Miguel Corporation is a subsidiary of Top Frontier Investment Holdings, Inc.

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san miguel corp (SMC) Key Developments

San Miguel Corp. Reports Consolidated Earnings Results for the Year 2014

Mar 27 15

San Miguel Corp. reported consolidated earnings results for the year 2014. The company reported that its recurring income surged by an annual 244% to PHP 27.9 billion in 2014, buoyed by the "significant growth" across its business units. The company said the computation of its earnings did not include the one-time gain from the sale of its stake in Manila Electric Co., which was booked in 2013 and pushed its net income then to PHP 50.7 billion. Consolidated revenue rose 5% to PHP 782 billion, as majority of its businesses posted higher sales. Operating income edged up by 1% to PHP 55.8 billion.

San Miguel Corporation Approves Amendments to Articles of Incorporation

Mar 26 15

San Miguel Corporation announced at its board meeting held on March 26, 2015, approved the amendment of the Article VII of the Articles of Incorporation of the company to reclassify 810,000,000 Series '1' preferred shares to Series '2' preferred shares.

San Miguel Corporation, Board Meeting, Mar 26, 2015

Mar 26 15

San Miguel Corporation, Board Meeting, Mar 26, 2015. Agenda: To approved the amendment of the Article VII of the Articles of Incorporation of the company to reclassify 810,000,000 Series '1' preferred shares to Series '2' preferred shares; to approve the issuance of the Series '2' preferred shares on such terms and conditions as may be deemed by management to be favorable to company; and to approve to endorse the matter for the approval of the stockholders of the company during the AGM on June 9, 2015.

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